Strategies not meeting risk/return targets was another reason identified by that sub-set of investors (56%), as was the investment universe being too limited or not appropriate (51%).Alexander Schindler, the board member responsible for institutional clients at Union Investment, said: “In future, providers will need to match investors’ requirements even more closely and offer more transparency.”He said the survey showed that sustainability had become a hard investment criterion “for portfolio management purposes”.“This change has promoted the professionalisation of the sustainable investment sector,” he added.In Union’s survey, 64% of respondents cited financial aspects as relevant to sustainability, up from 42% five years ago.However, only 37% of the investors’ assets are invested “sustainably”, according to the survey.Sustainable investment in equities gained ground, rising from 14% five years ago to 30% in the latest survey, on a par with the share of sustainable investments accounted for by bonds. Bonds used to be the dominant asset class, accounting for 45% of sustainable investments in the 2013 survey.According to Union, the survey also showed that changing regulatory requirements have become by far the most important factor behind institutional investors’ engagement with the topic of sustainability.The asset manager referred to the new European Union pension fund directive – IORP II – saying that “company pension funds have to consider environmental, social, and governance criteria as well as climate risks in the investment funds they manage”.A majority (67%) of German institutional investors indicated they knew “little or nothing” about the UN Sustainable Development Goals, and only 20% consider the goals when making decisions about sustainable investment, the survey found.The share of investors considering climate change in their investment policies more than doubled since last year’s survey, growing from 21% to 43%.Only 20% confirmed that they had information about the carbon footprint of their portfolios, however.The survey, which is carried out annually, covered 204 institutional investors with nearly €5trn in assets under management, including investment managers, insurance companies, pension providers, banks, and charities. German institutional investors have voiced concerns about the transparency and adequacy of sustainable investment strategies on offer, according to a survey by Union Investment.Sustainable investment has become more widespread among major investors in the country, the asset manager reported, with 64% of respondents using such strategies. Five years ago the figure was 48%.Despite the growth in interest, investors still have unmet needs when it comes to sustainable investing, the survey suggested.Of those investors that expressed some dissatisfaction with the strategies on offer, nearly two thirds (62%) cited lack of transparency as a reason.
The trainer added: “Provided he shows up well there he will then go for the Secretariat Stakes in Arlington (August 17). That is over a mile and a quarter on the inside turf track and he stays well.” David Marnane has his sights set on a run at Leopardstown with Elleval after his fine effort in defeat at the Curragh on Saturday. The three-year-old, who was runner-up to Lines Of Battle in the UAE Derby, was beaten less than two lengths when fifth in the Dubai Duty Free Millenium Millionaire Celebration Stakes on his first outing since that Meydan run in March. Marnane said: “It was his first run back, he ran very well and he should come on for the run. I was particularly pleased with the way he travelled and it was great that he came straight back with a good run after Dubai. He is entered in the Meld Stakes at Leopardstown (July 25) and that’s where he will go next.” Press Association
There’s still no answer on whether Virginia Governor Ralph Northam appeared in a racist photo in his medical school yearbook.Independent investigators hired by Eastern Virginia Medical School said in a news conference Wednesday they could not confirm the identity of the individuals in the offensive photo.The picture, which appeared on Northam’s page in his 1984 medical school yearbook, shows a man in blackface and another in a Ku Klux Klan hood and robe.Northam apologized earlier this year for being in the photo, but later denied that he was either person.Investigators said they could not determine the origins of the photo or conclude if the photo was placed on Northam’s yearbook page by accident.Northam faced mounting calls to resign after the photo surfaced in February.
Sophomore powerhouse outside hitter Brooke Botkin goes up for a kill against Northern Iowa where she recorded eight kills and 11 digs to lead USC to victory on Saturday morning. (Sarah Kim | Daily Trojan)Following the Women of Troy’s dominating performance this past weekend at the Trojan Invitational, two standouts earned Pac-12 weekly awards. Sophomore outside hitter Brooke Botkin was named Offensive Player of the Week, and freshman setter Raquel Lázaro was selected Freshman of the Week. These honors were career firsts for both players. While the undefeated weekend was a team effort, these two players carried the load.Hailing from Pearland, Tex., Botkin had an outstanding performance over the weekend, boasting 19 kills against Kentucky and 25 against Creighton. Her defense remained consistent with 11 and 12 digs, respectively. In the grueling five-set victory over Creighton on Saturday night, she added two aces to help ultimately put the Women of Troy on top. Botkin had a total of 52 kills throughout the three matches with a .248 hitting percentage.“[Botkin] is really going to have a big step forward from her freshman year,” head coach Brent Crouch said prior to the season opener. “It’s going to be really fun to watch her in that position.” During the 2017 season, Botkin appeared in 22 matches, recording a total of 151 kills and four aces. In her best match that season, she had 20 kills and 10 digs for the first double-double of her career. She has already surpassed her best record from last season.Lázaro made her college debut in the first match of the Trojan Invitational against the Kentucky Wildcats, stunning everyone in Galen Center with 55 assists. This marks the highest number of assists in a single match for the Trojans since Hayley Crone’s 58 assists in 2012. Against the Bluejays on Saturday night, she recorded her first career double-double with 53 assists and 22 digs. Throughout the weekend, she led the team to an impressive .248 hitting percentage and 175 kills. From Soria, Spain, Lázaro played for the country’s national team for six years before coming to USC. She won two gold and four silver medals with the Spanish National Team. In 2017, she made eight appearances in the European League Championships. Lázaro hopes to bring her high-level experience to the Trojans this season, a task that she has already succeeded in. The No. 7-ranked Trojans will travel to the University of Florida this weekend to compete in the Bubly Invitational Tournament, where their opponents include No. 4 Florida, UCF and Louisville. Botkin and Lázaro will continue to lead the team, along with junior outside hitter Khalia Lanier and senior libero Victoria Garrick. The Women of Troy are now looking to roll with their momentum and hold on to their undefeated season.